Oil & Natural Gas Corporation Limited (ONGC) - Net Assets
Based on the latest financial reports, Oil & Natural Gas Corporation Limited (ONGC) has net assets worth Rs4.10 Trillion INR (≈ $44.31 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs7.92 Trillion ≈ $85.64 Billion USD) and total liabilities (Rs3.82 Trillion ≈ $41.33 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Oil & Natural Gas Corporation Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.10 Trillion |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 11.53% |
| 5-Year Change | 44.6% |
| 10-Year Change | 81.83% |
| Growth Volatility | 7.09 |
Oil & Natural Gas Corporation Limited - Net Assets Trend (2002–2026)
This chart illustrates how Oil & Natural Gas Corporation Limited's net assets have evolved over time, based on quarterly financial data. See Oil & Natural Gas Corporation Limited (ONGC) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Oil & Natural Gas Corporation Limited (2002–2026)
The table below shows the annual net assets of Oil & Natural Gas Corporation Limited from 2002 to 2026. For live valuation and market cap data, see market cap of Oil & Natural Gas Corporation Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs4.10 Trillion ≈ $44.31 Billion |
+9.47% |
| 2025-03-31 | Rs3.74 Trillion ≈ $40.47 Billion |
+2.50% |
| 2024-03-31 | Rs3.65 Trillion ≈ $39.48 Billion |
+20.34% |
| 2023-03-31 | Rs3.03 Trillion ≈ $32.81 Billion |
+7.08% |
| 2022-03-31 | Rs2.83 Trillion ≈ $30.64 Billion |
+16.79% |
| 2021-03-31 | Rs2.43 Trillion ≈ $26.24 Billion |
+7.93% |
| 2020-03-31 | Rs2.25 Trillion ≈ $24.31 Billion |
-4.85% |
| 2019-03-31 | Rs2.36 Trillion ≈ $25.55 Billion |
+7.57% |
| 2018-03-31 | Rs2.20 Trillion ≈ $23.75 Billion |
-2.52% |
| 2017-03-31 | Rs2.25 Trillion ≈ $24.37 Billion |
+12.40% |
| 2016-03-31 | Rs2.00 Trillion ≈ $21.68 Billion |
+9.59% |
| 2015-03-31 | Rs1.83 Trillion ≈ $19.78 Billion |
+4.49% |
| 2014-03-31 | Rs1.75 Trillion ≈ $18.93 Billion |
+13.33% |
| 2013-03-31 | Rs1.54 Trillion ≈ $16.71 Billion |
+11.40% |
| 2012-03-31 | Rs1.39 Trillion ≈ $15.00 Billion |
+18.18% |
| 2011-03-31 | Rs1.17 Trillion ≈ $12.69 Billion |
+13.86% |
| 2010-03-31 | Rs1.03 Trillion ≈ $11.14 Billion |
+10.05% |
| 2009-03-31 | Rs936.35 Billion ≈ $10.13 Billion |
+18.18% |
| 2008-03-31 | Rs792.31 Billion ≈ $8.57 Billion |
+17.30% |
| 2007-03-31 | Rs675.46 Billion ≈ $7.30 Billion |
+25.18% |
| 2006-03-31 | Rs539.60 Billion ≈ $5.84 Billion |
+15.19% |
| 2005-03-31 | Rs468.45 Billion ≈ $5.07 Billion |
+12.15% |
| 2004-03-31 | Rs417.69 Billion ≈ $4.52 Billion |
+14.84% |
| 2003-03-31 | Rs363.72 Billion ≈ $3.93 Billion |
+21.83% |
| 2002-03-31 | Rs298.55 Billion ≈ $3.23 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Oil & Natural Gas Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs62.90 Billion | 1.69% |
| Other Components | Rs3.65 Trillion | 98.31% |
| Total Equity | Rs3.72 Trillion | 100.00% |
Oil & Natural Gas Corporation Limited Competitors by Market Cap
The table below lists competitors of Oil & Natural Gas Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ubiquiti Networks Inc
NYSE:UI
|
$33.78 Billion |
|
Gold Fields Limited
F:EDG
|
$33.83 Billion |
|
KERING.UNSP.ADR 1/10 EO 4
F:PPXB
|
$33.83 Billion |
|
Malayan Banking Bhd
KLSE:1155
|
$33.85 Billion |
|
JSW Steel Limited
NSE:JSWSTEEL
|
$33.64 Billion |
|
ASM International NV
AS:ASM
|
$33.60 Billion |
|
Swisscom AG
SW:SCMN
|
$33.54 Billion |
|
JBS S.A
SA:JBSS3
|
$33.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oil & Natural Gas Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 3,434,404,800,000 to 3,717,678,000,000, a change of 283,273,200,000 (8.2%).
- Net income of 414,243,800,000 contributed positively to equity growth.
- Dividend payments of 169,801,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,072,703,840,000.
- Other factors increased equity by 3,111,534,440,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs414.24 Billion | +11.14% |
| Dividends Paid | Rs169.80 Billion | -4.57% |
| Other Comprehensive Income | Rs-3.07 Trillion | -82.65% |
| Other Changes | Rs3.11 Trillion | +83.7% |
| Total Change | Rs- | 8.25% |
Book Value vs Market Value Analysis
This analysis compares Oil & Natural Gas Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.70x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs32.21 | Rs248.20 | x |
| 2005-03-31 | Rs36.50 | Rs248.20 | x |
| 2006-03-31 | Rs42.05 | Rs248.20 | x |
| 2007-03-31 | Rs51.98 | Rs248.20 | x |
| 2008-03-31 | Rs60.85 | Rs248.20 | x |
| 2009-03-31 | Rs71.86 | Rs248.20 | x |
| 2010-03-31 | Rs79.02 | Rs248.20 | x |
| 2011-03-31 | Rs89.87 | Rs248.20 | x |
| 2012-03-31 | Rs106.32 | Rs248.20 | x |
| 2013-03-31 | Rs118.85 | Rs248.20 | x |
| 2014-03-31 | Rs134.15 | Rs248.20 | x |
| 2015-03-31 | Rs147.18 | Rs248.20 | x |
| 2016-03-31 | Rs154.14 | Rs248.20 | x |
| 2017-03-31 | Rs172.36 | Rs248.20 | x |
| 2018-03-31 | Rs158.98 | Rs248.20 | x |
| 2019-03-31 | Rs170.33 | Rs248.20 | x |
| 2020-03-31 | Rs164.52 | Rs248.20 | x |
| 2021-03-31 | Rs175.66 | Rs248.20 | x |
| 2022-03-31 | Rs206.28 | Rs248.20 | x |
| 2023-03-31 | Rs224.78 | Rs248.20 | x |
| 2024-03-31 | Rs267.94 | Rs248.20 | x |
| 2025-03-31 | Rs273.00 | Rs248.20 | x |
| 2026-03-31 | Rs295.53 | Rs248.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oil & Natural Gas Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.26%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.13x
- Recent ROE (11.14%) is below the historical average (16.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 20.84% | 27.24% | 0.50x | 1.53x | Rs32.36 Billion |
| 2003 | 29.18% | 30.32% | 0.57x | 1.68x | Rs68.80 Billion |
| 2004 | 22.95% | 21.67% | 0.63x | 1.68x | Rs53.54 Billion |
| 2005 | 27.71% | 28.00% | 0.63x | 1.58x | Rs82.99 Billion |
| 2006 | 26.74% | 30.09% | 0.55x | 1.62x | Rs90.35 Billion |
| 2007 | 26.64% | 21.62% | 0.74x | 1.66x | Rs110.98 Billion |
| 2008 | 25.45% | 20.54% | 0.77x | 1.61x | Rs120.64 Billion |
| 2009 | 21.46% | 18.92% | 0.68x | 1.68x | Rs105.73 Billion |
| 2010 | 19.45% | 19.39% | 0.61x | 1.65x | Rs95.87 Billion |
| 2011 | 19.79% | 19.41% | 0.61x | 1.68x | Rs112.92 Billion |
| 2012 | 20.63% | 19.17% | 0.63x | 1.70x | Rs145.00 Billion |
| 2013 | 15.88% | 14.91% | 0.64x | 1.66x | Rs89.67 Billion |
| 2014 | 10.65% | 11.37% | 0.50x | 1.88x | Rs11.18 Billion |
| 2015 | 9.71% | 11.37% | 0.48x | 1.79x | Rs-5.54 Billion |
| 2016 | 6.51% | 10.38% | 0.36x | 1.73x | Rs-69.06 Billion |
| 2017 | 11.04% | 8.64% | 0.76x | 1.67x | Rs23.00 Billion |
| 2018 | 10.84% | 6.85% | 0.70x | 2.26x | Rs17.04 Billion |
| 2019 | 14.00% | 7.24% | 0.85x | 2.27x | Rs87.32 Billion |
| 2020 | 5.22% | 2.72% | 0.79x | 2.43x | Rs-98.93 Billion |
| 2021 | 7.38% | 5.37% | 0.56x | 2.46x | Rs-57.94 Billion |
| 2022 | 17.54% | 9.27% | 0.84x | 2.26x | Rs195.72 Billion |
| 2023 | 12.98% | 5.81% | 1.02x | 2.19x | Rs84.32 Billion |
| 2024 | 14.58% | 8.17% | 0.85x | 2.11x | Rs154.37 Billion |
| 2025 | 10.55% | 5.46% | 0.87x | 2.21x | Rs18.82 Billion |
| 2026 | 11.14% | 6.26% | 0.84x | 2.13x | Rs42.48 Billion |
Industry Comparison
This section compares Oil & Natural Gas Corporation Limited's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $79,329,704,000
- Average return on equity (ROE) among peers: 22.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oil & Natural Gas Corporation Limited (ONGC) | Rs4.10 Trillion | 20.84% | 0.93x | $33.77 Billion |
| Oil India Limited (OIL) | $79.33 Billion | 22.55% | 0.35x | $7.38 Billion |
About Oil & Natural Gas Corporation Limited
Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally. It operates through Exploration and Production, Refining & Marketing, and Petrochemicals segments. The company engages in the refining and marketing of petroleum products; li… Read more